Investor Presentation

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Globant

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Globant

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2022

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#1Globant‣ Seek Reinvention F2Q22 Investor Presentation#2Investment highlights Pure play in the digital and cognitive space Organized by Studios, delivering domain expertise in emerging technologies and industries Proven ability to acquire and integrate complementary, bolt-on K acquisitions Global presence, leveraging next-gen software and the right talent and skills Strong set of Accelerators that leverage Al and other technologies to reinvent key aspects of organizations Recurring and blue-chip customer base Experienced and founder led $ management team Rapid revenue growth and industry leading margins 2 Globant➤#3Market Opportunity Resilient Business Model On top of ongoing digital trends, the current pandemic has proven that digital transformation is imperative for any business: Organizations need to accelerate their digital transformation As a pure play, we believe we are extremely well positioned to help companies adapt to the new reality and thrive leveraging our Studio Model and Agile Pods methodology Proven experience in executing through distributed and remote working teams By 2023, the global economy will reach digital supremacy. Products and services from digitally transformed enterprises will account for half of global GDP. Enterprises not able to compete in the digital portion of the economy will miss out on half of the opportunities in their core markets. Source: IDC FutureScape Through 2025, 70% of organizations will use service providers to scale up their efforts to innovate with digital transformation efforts Source: Gartner Forecast Analysis: Digital Business Implementation and Refinement Services, Worldwide 3 Globant➤#4$60B Artificial Intelligence Software Revenue to Reach $59.8 Billion Worldwide by 2025 Source: Tractica $237B 85% Of CEOs reported increased investments in digital capabilities and 77% are increasing investments in IT Source: Gartner CEO Survey: Inflation Won't Stall Digital Transformation, Provided Customer Experience Is a Focus Size of the digital business implementation and refinement service market by 2025. Source: Gartner Forecast Analysis: Digital Business Implementation and Refinement Services, Worldwide $6.3T By 2024, digital transformation spending will make up 55% of all technology investment worldwide, reaching 6.3 trillion dollars between 2022 and 2024 Source: IDC FutureScape: Worldwide Digital Transformation 2022 Predictions $800B Bloomberg estimation of the global metaverse market opportunity by 2024 Source: Bloomberg Intelligence: Metaverse may be $800 billion market, next tech platform $19B Global Spending on Blockchain Solutions Forecast for 2024 Guide 4 Source:International Data Corporation (IDC) Worldwide Blockchain Spending Globant➤#5This is Globant Globers 1,000+ 5,000+ 25,900+ employees Revenue Trajectory ($M) YoY: 59.3% CAGR 30.7% 413 323 254 200 522 659 814 1,297 2014 2015 2016 2017 2018 2019 2020 2021 2010 2015 2022 Case Studies & Recognitions G IDC VE RI TAS STANFORD UNIVERSITY Analyze the Future MITSloan MANAGEMENT 2006 2009 2014 2017 2019 2020 2003 Founded Signed Google Studios launched Listed on NYSE Recognized as a 2017 Worldwide Leader of Digital Strategy Consulting Services by IDC MarketScape report BeKind Launched Recognized as a 2020 Worldwide Leader in CX Improvement by IDC MarketScape report 2021 Crossed $1B in revenues Achieved carbon neutrality 5 Globant➤#6Some of the clients we work with: AEP Unilever Chicago Tribune EA METROPOLITAN POLICE PRISMA AMERICAN EXPRESS medios de pago DELL Technologies IDB Inter-American Development Bank mercado libre Pernod Ricard EXPRESS NATIONAL GEOGRAPHIC smile DIRECT CLUB RA BBVA Boehringer Ingelheim Coca-Cola EMBRAER FOX GAP Interbank LATAM Linked in Rockwell Automation NISSAN Santander YPF ROYAL CARIBBEAN МЛСН DANONE OSRAM MELIÃ HOTELS & RESORTS PETROBRAS PR Newswire United Business Media UBISOFT TRINA TURK Bci Walmart Argentina 6 Globant➤#7Our Innovative Solutions lass POLICE www. Metropolitan Police To improve public access to the Metropolitan Police, we helped build an online system to reduce response times by 44%. OpenBank Creating the first true digital bank offering a highly personalized, exclusively digital banking. Autodesk Leveraging Al and machine. learning to provide insights for construction companies, such as automatically predicting potential health and safety issues. EA Partnering with EA to bring co-development to the next level for FIFA, UFC, NHL and other AAA games. Travel industry Creating a completely new experience for air travelers, allowing the customer a unique journey while reducing their operating costs. Disney Engineering the digital transformation for one of the largest amusement parks in the world Rockwell Automation Reinventing the way the industry is serviced, creating new and more modern tools to achieve faster and better results. 7 Globant➤#8品 Studios by Globant Our Studio model fosters creativity and innovation. These deep pockets of expertise on the latest technologies and trends deliver tailored solutions for specific challenges. Reinvention Studios Airlines Bluecap Future Finance Gaming Digital Studios Life Sciences Agile Delivery Blockchain Business Hacking Cloud Ops Conversational Interfaces Cultural Hacking Cybersecurity Data & Al Design Digital Experience Platforms Digital Lending Digital Marketing Media & Entertainment Digital Sales Enterprise Applications Future of Organizations Internet of ●Things Metaverse Travel & Hospitality Automotive EdTech Product Quality Engineering UI Retail Smart Payments Engineering Digital Performance Salesforce Scalable Platforms Smart Venues Process Optimization Sustainable Business 8 Globant➤#9Globant X Jörd Lightning Chat FAIR Is an incubator by, for and of innovation that helps productize Globant's most transformative tech into platforms. Our one-of-a-kind Entrepreneurial Engine helps our Globerpreneurs and select early-stage startups to catapult them from napkin to MVP to in-market success. Our platforms enhance digital transformation, from using tech to make organizations and their cultures more human, to applying Al to reinvent how software is coded and tested. MAGNIFAI Globant X Augoor™ walmeric GeneXus™ StarMeUp 9 Globant➤#10Globant recognized as a Worldwide Leader in CX Improvement by IDC MarketScape Capabilities Strategies IDC ANALYZE THE FUTURE Lea Leaders WPP/AKQA WPPIAKQA Accenture Accenture IBM Publicis Sapient Globant IBM Wipro PWC Deloitte Publicis Sapient - Globant EY PWC TCS Major Players Dentsu Aegis Network Wipro Deloitte -Cognizant EY Interpublic- Contenders Participants SOURCE: IDC MarketScape: Worldwide Customer Experience Improvement Services 2020 Vendor Assessment, by Douglas Hayward, September 2020, IDC #US45658220 IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor's position within a given market. The Capabilities score measures vendor product, go-to-market and business execution in the short-term. The Strategy score measures alignment of vendor strategies with customer requirements in a 3-5-year timeframe. Vendor market share is represented by the size of the icons. Copyright IDC 2020. 10 Globant➤#11Global Autonomous Culture Our Global Delivery Centers are successful thanks to a strong and autonomous culture that runs through every Glober. 00 Our Agile Pods Model aims to better align business and technology teams. They're driven by a culture of self-regulated teamwork and collaboration. Our Inverted Org Chart with the Pods at the front and center live by a customer-centric and autonomous culture. Our StarMeUp platform creates an amazing environment where people love to work because they feel immersed in a culture that puts them first and fosters their emotional connections. 11 Globant➤#12ABOUT GLOBANT Our global, diverse, and inclusive talent pool We take pride in our people, and we're fully aware that they are our biggest strength. That's why we work hard at growing our family of diverse, inclusive, and highly educated IT professionals. Luxembourg Poland Germany Belarus Romania X: Canada UK United States Spain France Mexico Costa Rica Colombia Ecuador Peru Brazil Chile Uruguay Argentina India Total Headcount Geographic dispersion (%) Q4'14 Q2'22 5% 8% 20% 18% ⚫ Argentina ⚫ Argentina 17% Colombia • Colombia 20 Countries 8% Other LATAM 22% ⚫ Other LATAM 69% • India 33% • USA and Europe USA and Europe 12 Globant➤#13Global delivery model Total Headcount Geographic dispersion (%) Country Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Jun-22 6 5 Along our journey, we have diversified our talent base to build a strong global presence Colombia 8 11 15 21 25 27 23 23 22 22 Argentina 69 57 49 39 34 30 30 23 20 India 9 8 10 12 10 11 15 17 Mexico 4 6 7 9 10 11 12 14 13 Peru 2 1 1 1 1 5 4 5 сл Chile 1 2 2 3 4 5 сл сл Uruguay 11 8 8 6 5 4 4 4 сл Brazil 1 1 1 1 1 2 3 3 4 USA 5 5 8 9 7 5 4 3 3 Spain 1 1 1 1 1 2 2 UK 1 1 1 1 1 1 1 Romania 1 1 1 1 1 Belarus 1 1 1 1 1 13 Globant➤#14ESG Approach Our purpose is to make the world a better 4 QUALITY EDUCATION 5 GENDER EQUALITY place, one step at a time. Integrated Report published annually. 8 DECENT WORK AND ECONOMIC GROWTH 9 INDUSTRY, INNOVATION AND INFRASTRUCTURE 昀 Committed with six SDG's. Ranked at DJSI. Silver recognition level at Ecovadis. 13 CLIMATE ACTION 17 PARTNERSHIPS FOR THE GOALS COMMITED 100% RENEWAL ENERGY Be kind is our Sustainability strategy for the next years. Note: SDG: Sustainable Development Goals. DJSI: Dow Jones Sustainability Indices. 14 Globant➤#15ESG Approach Governance Board of Directors: Consisting of 9 diverse members which are elected on a staggered basis. New charter approved to describe relevant skills and experience as well as diversity aspects of our Board of Directors members. Corporate Governance and Nominating Committee: Provides oversight of the Company's ESG (Environmental, Social and Corporate Governance) matters. Code of Business Conduct and Ethics: Published in our website, also with our whistleblowing contacts, the Anti-Bribery and Anti-Corruption Policy, and our Modern Slavery Statement. Data Privacy & Security Globant Cybersecurity Strategy: GDPR and LGPD assessment has been concluded last December 2021. CCPA assessment is still ongoing. Metrics on the Sustainability Accounting Standard (SASB) published on annual basis. Certifications: ISO 9001:2015 ISO 27000 SOC 1 SOC 2 CMMI Argentina, Uruguay Pune, Buenos Aires, Type 2 Type 2 globally CMMI-DEV v1.3 Minsk and Medellin Maturity Level 3: globally *In 2021 we changed our methodology for reporting NPS, we are reporting the average for the year and in the previous years we reported the results for the Q4 of each years. 15 Globant➤#16We create our own way forward in a sustainable way. Be Kind to Yourself 100% of our globers worldwide impacted with a comprehensive wellness plan Be kind to your Peers 50% women and non-binary people in management positions by 2025 Grant coding scholarships to 15,000 people by 2025 Be kind to Humanity Tackle the misuse of technology through our BeKind Tech Fund, an initiative that aims to Invest $10 million USD in startups that help to address these issues Support 50 intrapreneurship ESG-oriented projects through BeKind Labs by 2030 Be kind to the Planet Carbon neutrality and reduction trajectories in line with the Science-Based Targets Initiative's standards-aligned with Race to Zero Initiative Save 10 million tons of Co2-eq by 2030 by supporting our clients with "Digital Sobriety" techniques while designing their digital services and products Be kind. by Globant 16 Globant➤#17Globant Ventures We invest in visionary and purpose-driven entrepreneurs seeking to reinvent business while creating synergies with Globant's clients. Globant Ventures targets investment from Seed to Series A, bringing to bear the expertise, scale, and passion of our global network. -> Cybersecurity VU Security Conversational Interfaces Elsa B2Chat -> -> LookApp Vozy STARTUP + STUDIOS Data & Al UI Engineering TheEye -> Avancargo Robin Tests -> Drixit Technologies Woocar -> UALI Metaverse Digital Marketing -> CamOnApp Epica OUR COMMITMENT Investment Mentoring Growth Network Globant's Be Kind Tech Fund continues on its mission to mitigate the negative effects of tech. So far, 900 startups have applied for funding. In July, the Be Kind Tech Fund announced its first investment: a U.S.-based startup called ping. Its voice technology platform helps enterprises eliminate cases of texting-and-driving by enabling commercial drivers to "hear" their messages out loud, thereby creating a safer experience for drivers, passengers, and pedestrians. The Fund has also partnered with several experts in disinformation, peace building, online harassment, and screen time abuse. These thought leaders will provide ethical frameworks and share research that will be fundamental to the Fund's development. Be Kind Tech Fund ping Be Kind Tech Fund by Globant Ventures message out loud 17 Globant➤#18Financial review 4 2009 AD1% 105 18 Globant➤#19At a Glance Key Statistics $1.6B LTM Q2'22 total Revenue 30.7% 2014 - 2021 Revenue CAGR $72.6k LTM Q2'22 Revenue per IT Professional 39.1% Q2'22 Adj. Gross Profit Margin 16.1% Q2'22 Adj. Profit from Operations Margin 25,900+ Total Employees as of Jun 30, 2022 1,043 Q2'22 Total Active Customers Served 233 LTM Q2'22 Customers with over $1M in Annual Revenue Global Delivery Model 25,900+ globers in 20 countries Headcount Distribution (as of Jun'22) Argentina 8% 20% Colombia 17% Other LatAm India 22% 33% US and Europe 91.7% of LTM Q2'22 Revenue came from Existing Customers in LTM Q2'21 Revenue by Geography (Q2'2022) Note: Adjusted Gross Profit Margin Percentage excludes depreciation and amortization and share-based compensation expense- equity settled. Adjusted Profit from Operations Margin Percentage excludes share-based compensation expense - equity settled, impairment of assets and acquisition-related charges. Revs per IT Prof: Sum of LTM Revs / average (IT Prof for Q2'21; IT Prof Q2'22) Total Active Customers Served: Clients generating > $10,000 Revenues between 07-01-2021 and 06-30-2022 Customers with over $1M in Annual Revenue: Clients generating > $1M Revenues between 07-01-2021 and 06-30-2022 2% 10% North America LATAM 24% EMEA 64% Asia and Oceania 19 Globant➤#20Significant Revenue Growth Revenue ($M) CAGR('14-'21): 30.7% 1297 814 YoY: 40.6% 659 522 413 323 429 305 254 200 2 2014 2015 2016 2017 2018 2019 2020 2021 Q2'21 Q2'22 Client Revenue Contribution (%) Clients 2014 2015 2016 2017 2018 2019 2020 2021 Top 1 9 12 10 10 == 11 11 11 11 Top 5 27 27 33 34 29 32 32 26 31 27 27 Top 10 44 47 47 42 44 39 42 39 Average Revenue by Client ($M) Top 10 CAGR: 28.4% 50.7 Top 20 CAGR: 27.7% 34.3 33.7 26.0 23.0 22.1 17.3 17.5 15.0 15.1 11.9 11.4 8.8 9.7 7.7 6.1 2.0 2014 2015 668 2016 2017 2018 2019 2020 2021 Clients with Revenues >$1M 129 107 90 82 60 46 51 10 185 2014 2015 2016 2017 2018 2019 2020 2021 233 20 LTM Globant➤ Q2'22#21Revenue Breakdown Breakdown (Q2'22) Geography 2% 10% North America 24% LATAM 64% EMEA Asia and Oceania Industry Banks and Financial Services Media and Entertainment Currency 21% USD Others Contract type Time and Materials % 7% 8% 22% Fixed Price and Others 16% Tech and Telecom Consumer, Retail and Manufacturing 14% Professional Services Travel and Hospitality 14% Healthcare 14% Others 20% 79% 84% 21 Globant➤#22Strong ability to develop accounts. Increasing # of multi million $ accounts 2014 2015 2016 2017 2018 2019 2020 2021 100 squared strategy: $20M+ 0 1 2 3 5 7 7 12 $10M+ 2 5 6 9 9 14 13 22 $5M+ 10 10 11 18 21 26 32 $1M+ 46 51 60 82 90 107 129 22 42 Dedicated onsite teams Strategic partner Increased visibility 185 Annual revenues of select top 20 customers, part of our 100² strategy 2016 2017 2018 2019 2020 2021 Customer A 31 42 59 74 89 141 Customer B 12 13 15 23 39 62 • Customer C 0 1 10 18 21 40 Customer D 9 11 12 14 18 24 Customer E 1 1 3 сл 9 17 Studio cross-selling POD model penetration Increasing number of projects 22 Globant➤#23Attractive Profitability Adjusted Gross Profit ($M) 266 212 318 513 Adjusted Profit from Operations ($M) 124 112 84 168 120 214 69 49 Adjusted Net Income ($M) 60 ul.. 2020 2021 Q2'21 Q2'22 2018 2019 2020 2021 Q2'21 Q2'22 2018 2019 2020 2021 Q2'21 Q2'22 2018 2019 % of revs % of revs % of revs 40.6 40.4 39.1 39.5 39.3 39.1 16.1 17.0 15.2 16.5 16.2 16.1 11.6 Note: 12.2 11.1 12.2 12.0 12.1 Adjusted Gross Profit excludes depreciation and amortization and share-based compensation expense - equity settled. Adjusted Profit from Operations excludes share-based compensation expense - equity settled, impairment of tax credits, impairment of assets, acquisition-related charges and COVID-19-related charges. Adjusted Net Income excludes share-based compensation expense - equity settled, impairment of tax credits, impairment of assets, US settlement agreement, net, Expenses related to secondary share offering, acquisition-related charges, COVID-19-related charges and the related effect on income taxes of the pre-tax adjustments. 23 Globant➤#24Our growth strategy Focus on 1002: 100 accounts with potential revenues of $100M+ Studio cross-selling Increasing sales coverage to ensure better reach Diversification of the talent pool among different locations Pursue strategic, tuck-in acquisitions Main Strategic Acquisitions • GeneXus • Navint • Atix Labs ● Walmeric • Habitant Cloudshift Bluecap • gA = • Belatrix • Avanxo PointSource • Ratio • L4 Digital We Are Experience Clarice Technologies 24 Globant➤#25Leading this dream, our management team BOARD OF DIRECTORS Martín Migoya Chairman of the Board, CEO & Co-founder Linda Rottenberg Co-founder & CEO of Endeavor Global Martín Gonzalo Umaran Chief Corporate Development Officer, President of EMEA & Co-founder Francisco Álvarez-Demalde Founder & General Partner of Riverwood Capital Guibert Andrés Englebienne President of Globant X, President of Latam & Co-founder Richard Haythornthwaite Former Chairman of Mastercard Incorporated. Chairman of Ocado PLC Philip A. Odeen Former Chairman of the Board of Directors & Lead Independent Director of AES Corporation and Convergys Corporation Andrea Petroni Merhy Managing Director, Head of Business Advisory & Execution at JPMorgan Chase Maria Pinelli Former Senior Partner & Vice Chair at Ernst & Young LLP SENIOR MANAGEMENT Martín Migoya Chairman of the Board, CEO & Co-founder Patricia Pomies Chief Operating Officer Juan Urthiague Chief Financial Officer Wanda Weigert Chief Brand Officer Guibert Andrés Englebienne President of Globant X, President of Latam & Co-founder Martín Gonzalo Umaran Chief Corporate Development Officer, President of EMEA & Co-founder Diego Tártara Chief Technology Officer Pablo Rojo General Counsel 25 Globant➤#26Forward looking disclosure In addition to historical information, this presentation might contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as "believe," "may," "will," "estimate," "continue," "anticipate,” “intend," "should," "plan," "expect," "predict," "potential," or the negative of these terms or other similar expressions. These statements include, but are not limited to, statements regarding our future financial and operating performance, including our outlook and guidance, and our strategies, priorities and business plans. Our expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Factors that could impact our actual results include: the impact and duration of the COVID-19 pandemic; our ability to maintain current resource utilization rates and productivity levels; our ability to manage attrition and attract and retain highly-skilled IT professionals; our ability to accurately price our client contracts; our ability to achieve our anticipated growth; our ability to effectively manage our rapid growth; our ability to retain our senior management team and other key employees; our ability to continue to innovate and remain at the forefront of emerging technologies and related market trends; our ability to retain our business relationships and client contracts; our ability to manage the impact of global adverse economic conditions; our ability to manage uncertainty concerning the instability in the current economic, political and social environment in Latin America; and other factors discussed under the heading "Risk Factors" in our most recent Form 20-F filed with the U.S. Securities and Exchange Commission and any other risk factors we include in subsequent reports on Form 6-K. Because of these uncertainties, you should not make any investment decisions based on our estimates and forward-looking statements. Except as required by law, we undertake no obligation to publicly update any forward-looking statements for any reason after the date of this presentation whether as a result of new information, future events or otherwise. 26 Globant➤#27Now's your time to Seek Reinvention Globant➤ METRAGE CHEST

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